There are structural issues in both the crypto and regulated worlds. But how deep and how frequent are they? Here is a review of Cryptos’ pros and cons.
A summary of the largest Ponzi schemes in history, with a visualization that is a pleasure to the eyes.
Robinhood has demonstrated and deleterious effects on day traders, including enormous tax losses, suicide, anxiety, addiction.
Meanwhile, the firm is the subject of major regulatory and legal procedures, whose outcomes are hidden or unknown.
The firm’s IPO looks very much like passing on the hot potato… again to unsuspecting and inexperienced traders.
Non-Fungible Tokens are the new asset class of digital art, and the spearhead of ‘decentralized finance’. Can with reconcile innovation with good sense? NFTs with regulations?
This article reviews their nature, their legal & regulatory difficulties, pinpoints extreme examples, highlights their volatility and more importantly, asks how a digital economy could be constructed around these loosely regulated assets.
This week saw some really unusual moves, 10Y repo, intraday volatility, stock rotations, A harbinger of more volatility to come?
Goodhart’s Law: When a measure becomes a target, it ceases to be a good measure.
The Sharpe ratio has changed investor behavior. We chase the metric rather than the underlying quality it is trying to assess, and there are plenty of situations where the Sharpe is a poor metric of quality.
And there are unfortunately major losses, which keep on demonstrating the point – LTCM, AIG, Malachite…
If you lose money in trading, your broker can and will go after your assets, including your personal assets. In fast markets, this happens even more often. A glitch at Interactive Brokers may be the rare exception.